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this revolution. the elite now go to the internet. that is with the smart kids go. the mark zuckerbergs, the sheryl sandbergs. as much as people did not go into politics. -- the smartest people do not go into politics. i think our challenge in america is figuring out how to get the mark zuckerberg's to not worry about becoming millionaires and worry about becoming politicians and teachers? or politicians who are as pandemic -- who are dynamic entrepreneurs flocking to silicon valley. is the outbreak is? >> i do not think it is outrageous but you are wrong. there is a distinction. i wanted to pose a few more questions before we open it up to the audits and have an argument among ourselves. we heard google's general counsel talking about embracing you made snide comments during his speech? >> me? is he here? i cannot be too rude, then. i think there is a problem -- with there are a lot of cults in silicon valley. one of the most interesting is the cult of failure. the idea that people have to continually fail to succeed. one of the promises that he introduced in his speech was the importa
zuckerberg made the comment on wednesday that an event in san francisco, it was his first public appearance since facebook's initial public offering. >> the performance of the stock has obviously been disappointing, and we care about our shareholders. and the commitment that we made is that we're going to execute this mission of making the world more open and connected. >> zuckerberg acknowledged the failure of facebook's -- the share price rose 3.3% on nasdaq on wednesday on news that zuckerberg would speak at the event, but the stock level is still well below it's debut price of $38. >>> people in japan are trying to find closure on an issue that dates back to world war ii. thousands of japanese died in what is now north korea. more than half of their remains have not been repatriated. so a crew has been flown to inspect burial sites in an effort to move things forward. >> reporter: this man is 83. he's leading a civilian group of japanese expatriots from the korenian peninsula. i'm in a corn field and it's a five-hour drive. last year the north korean authorities discovered some remains
>>> final trade, adami? >> blackstone. >> that is t zuckerberg -- it. zuckerberg at 5:00. >>> scott and i still celebrating the redskins this weekend. and if you are long the market, you are celebrating today the bulls are back, one day ahead of a two-day fed meeting. investors are like the sound of something out there today. and we will get you ahead of the trade. >>> moody's warning washington again, teetering on the fiscal cliff, it says. the ratings agency says another credit downgrade may be on the way. >>> and we are waiting on the zuck, coming out of the fox hole. we will find out. he is going to give his first public comments today since his initial public offering of facebook a couple of months ago. >>> meantime, let's check in with sue down at the nyse. hi, sue. >> hi, pretty big day for the bulls. the markets on a very steady run to the upside. take a look at the numbers right now the dow jones industrial averages up about 84 points on the trading session, now 87. the s & p 500 is pushing ever higher above that 1400 mark at 1435 and change, a half a percent
this morning to see if it will gain more ground after mark zuckerberg spoke out about the company's disappointing stock offering. zuckerberg speaking out publicly for the first time yesterday about facebook's ipo he didn't apologize for the 50% drop in the share price. he admitted facebook needs to focus more on mobile users. >>> there are more users, ole, the second is that, per person using facebook on mobile, -- there's more engagement and they are spending more time. the third is per amount of time people spend on mobile we think we'll make more money than on desk top. >> facebook's stock rose 3 1/2 % at yesterday's close, $19.43. general motors a will have more on zuckerberg at 7:00. generating ref nu from mobile use is what -- revenue from mobile use is what investor are wondering about. >>> let's talk about live doppler and show you in the north bay where fog is developing along 101, thickest santa rosa 3/4 mile visibility. moisture moving away once again from california. we are going to have high pressure slowly build over the area starting off cloudy, sunshine quickly by
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you'll only see on this network. don't miss it. then facebook's mark zuckerberg speaks for the first time since his company's botched ipo. is it time for him to hand over t the reigns to somebody else? and we'll talk about the government's $12 billion profit from the controversial bailout of aig and more. stick around. "closing bell" continues. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back i
well-documented facebook slump and what the future is in the coming months. today zuckerberg provided some answers. our business and tech reporter scott budman was at the conference in san francisco when zuckerberg spoke. it's been four months since he made any public comments. >> reporter: it has been a long time, raj. got the feeling he wanted to address issues like ipo and instagram and morale, today the first time of the public company mark zuckerberg spoke out. >> for the first time since taking his company public, facebook ceo mark zuckerberg spoke out in public, and topic one was facebook's stock price. >> the performance of the stock has obviously been disappointing, right, and we care about our shareholders and the commitment that we made is that we're going to execute this mission of making the world more open and connected, and we're going to do the things that we think will build value over the long term. >> in a wide-ranging talk with michael arrington of tech crunch, zuckerberg spoke about how facebook will survive its current bumps as it has in the past. >> fac
prescription free and save on refills at advaircopd.com. >>> in the news late today, mark zuckerberg broke his silence. for the first time since facebook's stock publicly spiraled down after it was offered in may, the 28-year-old ceo sat down for an interview streamed online. the stock has lost half its value since the debut, and this evening zuckerberg told us how he felt about it. >> the performance of the stock has obviously been disappointing, right, and we care about our shareholders, and the commitment that we made is that we're going to execute this mission of making the world more open and connected. >> never exactly emotional, and it worked, by the way, facebook's stock was up more than 4% in after-hours trading. >>> and talk about the kindness of strangers. this involves the bus monitor in upstate new york. you'll remember karen klein, who was relentlessly bullied by those middle school students in the video that caused so much outrage. well, a canadian man began collecting money for her hoping to raise $5,000 so she could take a vacation, but today she received the check from him, $
and sunday and it is out of hereby monday. >>> thank you, -- here by monday. >>> mark zuckerberg accuses a classmate of ripping off his ideas. >>> also space shuttle endeavor is on its way to california took off from houston just about ten minutes ago, and there we go, there is the live picture of it headed for california. we will be right back. i like to score my designer shoes and handbags early. so i shop at t.j.'s. i get my favorite brands without having to wait for them to go on sale someplace else. done! fashion direct from designers. savings direct to you. t.j.maxx. >>> welcome back, time now 5:13, a manhunt is underway for a driver who caused two separate chases in oakland. the collisions happened on mcarthur boulevard at richie street. the suspect vehicle ran into a vehicle trapping a woman inside. the suspect hit a van filled with special needs students. nobody in the van seemed to be injured but after the last crash, the suspect and passenger took off running and they are still looking for them. >>> president president barack obama's motorcade was not at fault. he was there es
zuckerberg, the accusations that mark zuckerberg ripped off greenspan's ideas. >>> and every week day morning, 6:00 a.m., get your ktvu wake- up call by texting the word wake up 72103. . >>> welcome back, new information about mark zuckerberg and the creation of facebook. aaron greenspan released instant messages from 2004. in it, he accuses mark zuckerberg of ripping off his special networking ideas. he asked him to join him since greenspan was already working on a similar network called house system and mark zuckerberg is not making any comments on those claims. >>> they are getting federal regulations on something they say could hurt businesses. it includes yahoo and linked in. the companies will work together on pier as i and -- pier i -- piracy and privacy. microsoft decided not to join that group. >>> we are talking about the arrest of an elderly man accused of jay walking. it shows police handcuffing him and tackling him to the ground. they say the man was unrulely including shoving the officer. >> i don't think this officer would second guess what he would do in a similar situation re
, police conduct a back to school sting, meant to improve children's safety. >> when facebook zuckerberg speaks, does the community listen? >> a warming trend. coming up, what you can expect for wednesday. we'll take a look where we'll see the temperatures the hottest. >>> slowly but are you say the power is returning to san jose after a car crash affected more than 3500 customers. the car hit a power pole on san jose avenue dropping wires in the middle of the street. it took three hours to restore the electricity but dozens remained powerless. >>> a drug sting to protect the most vulnerable population in one of san francisco's tedious neighborhoods. police targeted areas where it's common for children to see drug use as their walking to school. >> reporter: there's always something happening in san francisco. >> this is a crazy place to grow up. >> reporter: the principal says it's tough to be a child here, even to be a kindergarten teacher. >> we incorporate the word drugs. there is drugs, and they learn right off the bat what needles are. even condoms, you name it. >> reporter:
, and look at some of the 9/11 more gills held this week. -- memorials held this week. mark zuckerberg says his social network of stock performance has been disappointing. he sat down to talk about the future of baseball -- of facebok book. and this is about 35 minutes. >> please join me in welcoming to the stage facebook founder mark zuckerberg and techcrunch founder michael arrington. [applause] they already yelling. >> what is that? did i mess up already? there are a few more people in here. i think they want to hear what you have to say. welcome to techcrunch. >> thank you for having me perplexed and this venue probably looks familiar. -- thank you for having me. >>this venue look probably looked familiar. >> you get more people in here that we do. >> are you ready? a few questions to start. he went public on may 18th and the stock has lost half its value roughly. >> just get right into it. [laughter] >> if you could have done anything differently with hindsight, would you have? >> the performance of the stockman disappointing. we care -- of the stock has been disappointing. we are goin
down significantly over the summer. >> amazing. >>> the world is hearing from mark zuckerberg for the first time since he took facebook public and watched it quickly plummet. the stocks cost zuckerberg billions of dollars. but he seemed confident that he could turn things around. >> the performance of the stock has obviously been disappointing. and we care about our shareholders. and the commitment that we made is we're going to execute this mission of making the world for open and connected. and we're going to do the things we think are going to build value over the long term. >> investors appearancely liked what they heard. facebook stock shot up to about $19. >>> wall street is keeping an eye on the federal reserve. fed officials are meeting today and tomorrow. and afterwards, they are likely to announce new efforts to boost the economy. now, just the expectation alone was enough for the dow to gain 69 points yesterday and close at its highest level in almost five years. the nasdaq was up half a point with facebook stock higher after zuckerberg spoke. >>> many companies are
the economy on thursday. >>> in 10 minutes facebook ceo mark zuckerberg's first public comment since his company's ipo. what he's saying about facebook's stock which has lost half of its value. >>> thunderstorms, lightning and record setting rains have combined to create big problems in las vegas. according to the national weather service the rainfall was the most for any september day since recordkeeping began back in 1939. in the hardest hit area, 2- inches of rain fell in an hour. the accumulation of rain flooded city streets stranding motorists and leaving cars swamped to their head lights. helicopters were called in to rescue stranded drivers and thousands of crashes were reported. police say they received numerous 911 calls but there are no reports of any deaths or serious injuries in connection with the flooding. >>> california highway patrol officer kenyon youngstrom is now credited helping save the lives of four people following his death. youngstrom's kidney and pan kre -- pancreas went to a 29-year- old female. another kidney went to another female, 52 who had been waiting for
zuckerberg gave his first major public address since the company went public in may. he's kept a low profile until now as the company's stock dropped by about 50%. in may, it opened at $38 a share. today it closed at $19.43. he commented on the performance at a tech conference in san francisco today. >> the performance of the stock has obviously been disappointing. and we care about our share holders. and the commitment that we made is that we're going to execute this mission of making the world more open and connected. and we're going to do the things that we think are going to build value over the long-term. >> in the regulatory filing last week, zuckerberg said he will not sell any of his facebook stock for at least a year. he owns 444 million shares and has an option to buy another 60 million if he chooses. >>> 11 years ago, america was attacked. thousands of people died, and now more than a decade later, the country continues to mourn those lost. and hundreds of people looking for work line up in the east bay today. >> the a's trying to stay hot in anaheim. the giants trying to keep a
for the nationals. >> getting closer to the playoffs. and mark zuckerberg speaking in publ >> welcome back. let's go to adam caskey on morning.esday >> it's going to be another day.iful no complaints. sunshine with low humidity. high temperatures a few degrees warmer than yesterday. inrently, its 43 , 46 in frederick, 46 frostburg, 47 in cumberland. was article does numbers. at elsewhere. 50 in manassas. 51 along the potomac at reagan national? . sunshine throughout the day. l day.r beautifu you will be hard-pressed to find clouds. high temperatures in the low 80s. little warmer than yesterday. back into the low 80's. that is average for this time of year. looking ahead into the weekend, a chance of showers by saturday. barry slight chance of a few showers on saturday./ -- very slight. now to traffic with angela. >> no complaints on the road right now. activel have a couple zones, but everything is moving nicely leaving the 395.ict on from the 14thts the springfield interchange. traveling around the beltway in virginia, a couple troublespots that may slow you down briefly. left lanes are closed nort
's sleep ♪ >> facebook founder and ceo mark zuckerberg has addressed the public since the ipo. the ipo was offered at $38. however, it is nearly one half that price. >> the performance of the stock is of course a disappointing and we care about our shareholders and the commitment that we make is that we're going to execute this mission to make the world more connected. we are going to build value over the long term. >> the regulatory filings saying that he will not sell any shares of his and has the option to purchase more. we are following the latest numbers. >> everybody was waiting to hear from mark zuckerberg. some information regarding a mobile advertising and that is what investors wanted to hear. with a 7% increase. at almost $21. and the dow jones we had a german court backing the european rescue fund. it was a challenge of whether or not germany would be participating. with that news, however the futures are over 39 points. that is paving the way for the other countries to ratify with a 68 brugge dollar bail out. and now they can borrow money from this fund. 68-- billion dolla
spoke disappoi the disappointing ma ipo. mark zuckerberg addressed crowd in san francisco. he didn't apologize for the 50% drop in the stock's price since it went public in may, but admitted that facebook needs to focus on mobile, and cited three reasons why. >> there are mosers, users, right? obviously. the second is per person who is using facebook on mobile there is more engagement and they are spending more time. and per the amount of time they spend on mobile, we think they will make a lot more money than we do on desktop too. >> zuckerberg hinted at new products including a google-like search engine. stock picked up to finish at $19.43. >>> san rafael police want you to look at this armed robbery. >> they hope somebody will recognize the man who held up this shell gas station in san rafael. it happened on august 28th. nobody was hurt. police released the video today and asked anybody with information to give them a call. >>> a san jose mayor says he will likely not fight a $35 traffic ticket. reid received the ticket this morning on his way to city hall when he was making a t
pretty disappointing but mark zuckerberg says the future is bright for the social network. >> he spoke publicly for the first time since the company's ipo in may. steve rapoport has more. >> reporter: facebook was the first u.s. company to debut on stock markets with a value of more than $100 billion. but since it went public back in may, the social networking site's stock has lost more than half of its worth. >> the performance of the stock has obviously been disappointing. >> reporter: ceo mark zuckerberg tried to calm concerns saying despite the numbers, it is a good time to buy stock in the company. >> i actually think it is a great time for people to join and a great time for people to stay and double down. >> reporter: analysts say investors have been concerned about facebook's ability to keep growing revenue as more people use if t. from mobile devices where there is less room to show ads. zuckerberg said mobile ads are good for the company. >> there are more users obviously. the second is that, per person who is using facebook on mobile, there is more engagement and they're spe
. >> mark zuckerberg says he will not sell any facebook stock for at least a year as the social giant sets up what is essentially a $2 billion buy back. >> and nokia announces its new make or break phone today. we talked to the ceo first on cnbc in our next hour of the show. let's get to those draghi comments. one day before the european central bank policy makers gathered for a key meeting a wire report says the bond buying plan being pushed by the bank's president mario draghi pledges unlimited sterilized buying. the ecb not providing comment on the report so far. meantime more signs of a slow down in china, the country's services sector grew at the slowest pace in a year in month of august according to the hsbc private sector survey. all the data points, jim, very concerning. and these comments, a lot of traders this morning are sort of dismissing them a little bit because they say two central bankers and as we all know there are so many central bankers in europe. we don't know who is saying it and why. >> this is, at the crux of what's gone wrong right now. there are two ways people ar
levels. >> the facebook ipo flopped but mark zuckerberg says to look on the bright side. what he admits that he does not do anymore. >> we ran back upstairs with fire extinguishers to break the windows out. >> then he realized that some were trapped inside, drastic actions to escape this burning bay area apartment building?,,,, >> >> mark zuckerberg made his first public comments since facebook made its initial public offering, he had to face tough questions about the facebook stock slide. len ramirez is here with why mark zuckerberg thinks it may all be a misunderstanding. >> at a technology conference where ground level start-ups venture capitalists, and the technology media come together to find the next big thing. the man behind the last big thing, facebook, took the stage to answer the one question on everyone's mind, what happened to the facebook stock? >> the performance of the stock as of is the been disappointing. >> stock crashed to half its value after its big ipo but in a conversation, c o mark zuckerberg defended facebook saying that the company with 950 million users is mi
economy help the u.s. economy? >> and facebook ceo mark zuckerberg going to hit the stage for the first time since the ipo at the tech crunch conference this afternoon. could that be a catalyst for the stock? >>> but getting back to the high-end retailers such as coach, tiffany, ralph lauren under pressure after burberry expects lower sales. they suggest growth is becoming more challenging. they're down double digit percentages, last check about 18%. this is the biggest drop we've seen since the economy ipo'ed, and maybe we shouldn't be so surprised. >> they have the worst assortment of people who have lost their way. everyone says you should spread this out to others, go to a burberry store, you'll see what i mean, they're incredibly overpriced, do not have the right fashion. i want to contrast with coors that is completely on fire and has a higher price. burberry is a complete julius caesar story. it's not in the farce, it's in you. you have really missed the mark. here's the fashion industry, pvh, vf, michael kors, i'm not putting burberry in the same category. >> at two, jim? >> yeah. i
. >>> facebook ceo mark zuckerberg is speaking publicly for the first time since the poor public offering. he appeared at a technology conference yesterday. and facebook's stock, which has lost half of its value since debuting in may was the hot topic. zuckerberg says it's cell phone users that will determine the company's long-term success. >> we're going to do the things that we think are going to build value over the long term. you know, over the next three to five years, i think the biggest question that is on everyone's minds that will determine, at least our performance over that period, is really going to be how well we do with mobile. >> zuckerberg did admit the tanking stock price has not helped employee morale, but he feels it's a good time to join his company nevertheless. >>> a whistleblower is getting a big payoff for helping the internal revenue service. the irs giving a former swiss banker $104 million for helping to bring in tax cheats. bradley brinkenfeld told the government what went on in ubs bank's wealth management division. he served two years in prison for helping clien
zuckerberg says the ipo of facebook is disappointing but they will not make a phone and will enter search at some point. is that enough to turn the stock around? >> now the german constitutional court decision is out of the way, we're waiting for the fed. will it deliver on new qe as stocks hang in here at multi-year highs. >> all the news around apple, in four hours apple's ceo tim cook is expected to unveil the iphone 5 at a media event in san francisco. it's expected to have a larger screen and offer 4g wireless and believed to be thinner and have a smaller dock connecter. the watch is on to see if apple debuts other products today, such as a mini ipad. the iphone alone, jim, analysts are expecting 10 million units sold possibly in one month? >> it's hugely important. it's funny because we -- some people know what it looks like, apparently. others are saying, look, it's got -- because it's got 4g and a bigger screen, it will be what you watch tv on, total replacement of the desktop. clearly the most important thing for apple because such a huge percentage of their profit comes from the
. yes. i don't think w we, we are very self critical. >> facebook mark zuckerberg. first interview since taking his company public. good evening everyone. i'm carolyn johnson. dan has the night off. >>> zuckerberg broke his silence about the 50% drop in stock prices going public 4 months ago and he also talked about where facebook goes from here. zuckerberg made his remarks at the tech crucial conference in san francisco. of david louie was there. >> it was long awaited event. 25 minute interview with mark zuckerberg with questions from the founder of tech crunch michael harrington. zuckerberg hasn't made any public remark since face back went public nearly 4 months ago. with the stock price dropping over 50% recently that was the first issue raised. >> performance of the stock is obviously been disappointing. right. we care about our shareholders and the commitment that we made is that we are going to execute this mission of making the world more open and connected and we are going to do this things we think will build value over the long-term. >>reporter: investors worrie
zuckerberg. b >> reporter: tonight, democrats will put forward what may be their most popular asset -- michelle obama. and mayor castro will speak as well. >> under they score, immigration, education, healthcare. any number of issues he's been a very effective advocate for the latino community. the president will make the case, americans are better off now than four years ago. >> reporter: vice president arrived today. >> you want to know whether we're wetter off? i got a little -- we're better off? i got a little bumper sticker for you. osama bin laden is dead and general motors is alive! [ cheers ] >> reporter: live in charlotte, sandra endo, tori, back to you. >> thank you. >>> and we have more details to tell you about. north carolina is considered a battleground another poll tending to lead democrat in north carolina shows the race tied. >>> police could face serious charges after allegedly embezzling $100,000 in overtime pay. kamala harris filed new charges at the inhouse police force in porterville. according to "the huffington post" charges stem from more than 500 hours of o
right. thanks so much, todd. >>> well, stocks soar, zuckerberg speaks, and the woman who claims eating at starbucks every day has been good for her. your early morning business headlines are straight ahead. >>> plus a new chris brown controversy. did he really get a tattoo showing former girlfriend rihanna's beaten face? >>> coming up, the orioles pull even, usa soccer gets a lift from hercules, and bieber fever hits a minor league hockey team. you're watching "early today." >> announcer: "early today" is brought to you by advil. make the switch to advil now. >>> good morning, and welcome back to "early today." i'm mara schiavocampo, and here are some of your top headlines this morning. >>> there's no end in site yet for the chicago teachers strike which begins day three today. union negotiators say they did not make much progress in talks yesterday. >>> whistle-blower bradley birkenfeld has been awarded $104 million by the internal revenue service, the largest individual federal payout in u.s. history. he turned on the swiss bank ubs for helping thousands of americans evade taxes, and
that allowed it to weather the financial collapse of 2008. mark zuckerberg is looking ahead in his first interview since facebook's ipo. speaking at a techcrunch conference in san francisco tuesday afternoon, zuckerberg said he's disappointed in facebook's stock performance, but he expects it to turn around. he said facebook will make more money with mobile products than desktop features. facebook lost half its value since the ipo, which was marred by a technical glitch on the open may 18th. fb stock rallied more than 3% in after hours trading, topping $20. greek prime minister antonio samaras and ecb president mario draghi are optimistic about a recovery in the eurozone. today, germany's top court will rule on the permanent bailout fund for the debt crisis. questions have been raised about whether greece is following the rules necessary to get financial aid. however, in a meeting yesterday, draghi and samaras agreed that greece is following the terms so far. mcdonald's value menu is helping to boost sales. global sales rose 3.7% in august. diners dealing with weak economies in the u.s.
. >> please join me in welcoming to the stage facebook founder mark zuckerberg and techcrunch founder michael arrington. [applause] they are already yelling. >> what is that? did i mess up already? there are a few more people in here. i think they want to hear what you have to say. welcome to techcrunch. >> thank you for having me. >> this venue probably looks familiar. you probably feel fairly comfortable. >> you get more people in here than we do. >> are you ready? a few questions to start. you went public on may 18th and the stock has lost half its value roughly. >> just get right into it. [laughter] >> if you could have done anything differently with hindsight, would you have? >> the performance of the stock has been disappointing. we are going to do the things that we think are going to build value over the long term. over the next 3-5 years, the biggest question that is on everyone's mind here double determine our performance over that time is how well we do with mobile. we have been in this quiet period for the last six months or so. a lot has changed since then. six months ago, we had
nicely. >>> 4:40. >>> next, facebook's ceo zuckerberg will make his first public an tear republicans since the company's public epo. >>> east bay businesses cleaning up after vandals strike. >>> smelly problem solved. what officials think is causing a big stink throughout southern california. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. try resolve easy clean to deep clean your carpets. just 3 easy steps for beautifully clean carpets. it removes 3 times more dirt than vacuuming alone. don't just vacuum clean. resolve clean. >>> most of the five million websites go da
buena center. the company spoke about the disappointing ipo. mark zuckerberg addressed crowd in san francisco. he didn't apologize for the 50% drop in the stock's price since it went public in may, but admitted that facebook needs to focus on mobile, and cited three reasons why. >> there are more users, right? obviously. the second is per person who is using facebook on mobile there is more engagement and they are spending more time. and per the amount of time they spend on mobile, we think they will make a lot more money than we do on desktop too. >> zuckerberg hinted at new products including a google-like search engine. stock picked up to finish at $19.43. >>> san rafael police want you to look at this armed robbery. >> they hope somebody will recognize the man who held up this shell gas station in san rafael. it happened on august 28th. nobody was hurt. police released the video today and asked anybody with information to give them a call. >>> a san jose mayor says he will likely not fight a $35 traffic ticket. reid received the ticket this morning on his way to city hall when h
. >>> facebook ceo mark zuckerberg talked about his company's missteps. he used the two-day conference to make his first public comment since facebook ipo back in may. he also tried to are assure investors. >> we zuckerberg says facebook's future will rely on smart phones and tablets. >>> if you are in the market for a job you may find your new employer at a job festival today. it will be at the golden gate holiday inn. it is a free event. >>> a walnut creek police union is speaking out about a lack of dedicated traffic officers in the wake of a deadly accident over the weekend. the walnut creek police association says one of four enforcement officers is retiring at the end of the week. ly be -- now a woman was killed when a pickup truck drove right on to a sidewalk hitting bevel pedestrians. >>> the entire san mateo bridge will be closed for a seismic retro -- cal tran says they hope to have the work completed in one weekend but just in case be prepared. >> we decided to have that second weekend ready. >> the closure is scheduled for the weekend of october 19th. possibly the following weekend
, but mark zuckerberg takes a hit down the list. >>> and outside live, you can see the clouds clearing up. rob mayeda will be back to show us the forecast to tell you what it is like today and into the weekend. we'll be back in a minute. >>> happening right now, the space shuttle endeavour embarking on the final journey from the cape canaveral space center. a very cool scene. we can tell you this is the beginning of the massive cross country farewell tour. it will flyover two other sites and head up to sacramento before a finale on friday. it will include a low altitude flyover of the golden gate bridge. nasa says it will be a thing to see. if weather cooperates, you can see the shuttle at 9:00 on friday morning. after that, the shuttle will eventually touchdown in los angeles and will be hauled along the city streets and come to a halt at the science center. >>> the cartoons of the prophet muhammad are fueling more anger over the anti-islam film. the film sparked protests from asia to africa. the cartoon is playing off the film. riot police are outside the magazine's office which was fir
. >>> facebook founder and ceo mark zuckerberg is defending his brain child.ai zuckerberg admits he'sa disappointed with the slumping stocking but suggests facebook has a bright future, and suggesting despite the number, it's a good time to buy stock in the company. >> i think it's a great time for people to join and it's a great time for people to stay and double down. d >> facebook was the first u.s.st company to debut on stock markets with a value of more than $100 billion.th since it went public in may, the site has lost more than half its worth. >>> this is it. today, apple unveiled the new iphone, capable of faster, real 4b. has a taller green.re the phone will have a battery with 8 hours of web browsing, and talk time.b the new phone mailed of glass and loom -- made of glass and aluminum. it's the thinnest iphone yet. joining us now to talk about the highly anticipated iphone 5?ne >> thanks for having me. >> does it feel like a big deal? is it because -- it doesn't feel like a big deal. b it just doesn't have the hype the others have had.ave >> there were a lot of people expe
zuckerberg suffered a big drop along with the stock price of his company. zuckerberg, founder of the world's largest social site fell from 14th place last year to 36th. his net worth is $9.4 billion, down $8.1 billion from 2011. microsoft co-founder bill gates tops the list for the 19th straight year. net worth is $66 billion. investor warren buffett came in second, and larry ellison, ceo of oracle took third place. >>> global investors are seeking relative safety of yen denominated assets as european debt crisis continues. the balance of japanese government bond held overseas hit a new record high at the end of june. the bank offp japan, released holdings, over a trillion dollars. the highest ratio on record. domestic financial institutions are also buying more japanese government bonds. they account for 65% of the total outstanding balance. banks are looking for steady earnings as japanese firms show sluggish demand for loans. japan's trade balance for august showed a red for a second straight month. exports plunged due to a slow down in the global economy. finance ministry officials rel
to the main branch anymore. >> does mark zuckerberg's code break? >> yes. everything i do breaks. but we fix it quickly. [applause] >> so, you close to the instagram acquisition. >> yes. >> can we talk about that? what are you going to do with it? >> they are great. they are the super-talented group of engineers. they are building this amazing product that has crossed 100 million registered users. they are killing it. the way this came together is really interesting. the way i got to know kevin is they started off building on top of our platform. right? they had a great open application, and they could take pictures and you can share them to facebook. it was really first class. sharing a picture from instagram, it looks the same as if you are sharing it from facebook. they did a great job with that. i like to reach out to our developers and get to know them personally. partly because i am really interested in entrepreneurship. i spent a lot of time with kevin, and we started to build this road map of all the great things we could do. then this tension started. they got all this great distrib
of a new poll out this morning. >> also mark zuckerberg of facebook facing charges from a court in india after his alleged stalker made claims of his own. >> plus the shocking new video of a plane crash at an air show in iowa, how it impacted people who weren't even at the event. >>> welcome back, 6:12. new video to show you just released about a deadly air show crash in iowa over the weekend. >> oh, my god, oh, my god, oh no, oh, my god. oh no. >> her voice says it all. that woman was riding in a car in that area. >>> the video starts out showing the planes flying in formation then seconds later one of them crashed and burst into flames. the pilot was killed on impact. that crash is now under vision. >>> two swimmers were attacked by sharks at a florida beach over the weekend. an eight-year-old girl and a woman in her 50s bit on their ankles in separate attacks there. they were near a jetty where the water is only two feet deep. one swimmer said she saw a shark swim by. >> i just saw the black tip and it was trying to go back out. >> the beach patrol says the attacks marked the 7th and
until next month to do that. >>> facebook co-founder mark zuckerberg did speak in his first major public appearance since the company's rocky debut in may. zuckerberg admits he's disappointed with facebook's stock price, which has lost nearly half of its value. but he urges investors to be patient. he sees a lot of opportunity for facebook to capitalize on the growing mobile market. >> we're going to do the things that we think are going to build value over the long term. over the next three to five years, i think the biggest question that is on everyone's minds that will determine, at least our performance over that period, is really going to be how well we do with mobile. >> zuckerberg says facebook is not developing its own smart phone, but the company is working on a search product to help it better compete against the likes of google. so that is the latest and greatest from ceo mark zuckerberg. guys, back over to you. >> seema, thank you. >>> today one of the greatest golfers of all time will be honored by clock. congress. arnold palmer will be honored for his civic activities. he'l
on facebook which hit a lifetime low earlier today in's trading session. ceo mark zuckerberg in an sec filing said he has no plans to sell shares for at least 12 months. there are confirming 234 million shares will be available to the public as of october 29th. these are shares that are restricted stock units and stock options for employees within the company. they will be available again after they report earnings, set for october 23rd. they will become available to the public on october the 29th. zuckerberg will not sell any of his shares. melissa: when you add another 200 million, makes you wonder with further dilution will it take the stock to another leg down? >> with mark zuckerberg and nonemployee directors were not waived so-called standoff agreement. they will not beable to sell right away. liz: in fact, can i say the bid and ask is 18 and above. the last trade was 17.73. looks like a slight bump on the news particularly that zuckerberg would not sell shares for 12 months. >> that's right. liz: let's take it off the desk. i doubt anybody at home grill ad burger this big over the holi
process. kris sanchez, nbc bay area news. >> thanks. >>> facebook ceo mark zuckerberg speaking publicly for the first time since his company went public and his stock took a nosedive. scott budman was at there to hear what he had to say. how did he explain the billions of dollars lost by investors? >> he called it admittedly not so good for morale. that has to be one of the understatements of the year. you can imagine it was topic one when he sat down to meet the press at the tech crunch sponsored event. and that and many others surrounding the shaky start surrounding hi company both as a startup and a public entity, saying facebook is used to being controversial, and that won't stop it from growing and changing, even if the ipo is a lot less than what investors had hoped for. >> the performance of the stock has obviously been disappointing, right. and we care about our shareholders. and the commitment that we made is that we're going to execute this mission of making the world more open and connected, and we're going to do the things that we think are going to build value over the long
company was out talking late today. facebook's c.e.o mark zuckerberg made his first public appearance since his company sold stock to the public in may. shares of facebook trade at about half the price they were when it went public. they were $38 a share that first day; today, they closed below $19.50 after a 3.3% gain today. this afternoon, zuckerberg said the long-term for the company rests with its mobile strategy. >> tom: max wolf is a senior analyst and chief economist at greencrest capital. joining us tonight from the nasdaq. so max, how about it. do you think the markets understatementing facebook? >> well, i slirt hope so, especially for those people who bought it around $38. i know they think so soo. it's disheart ening to see lesser focus on the investor community. on the our hand i think it was good to see zuckerberg go out there, be honest, adegrees the short falls, the quote unquite disappointment around the i. p. o., which i know was a $50 billion market loss, was fairly widely felt. to begin the process hopefully of rebuilding faith and rebuilding communication really b
, facebook ceo mark zuckerberg speaks for the first time since his company's ipo. what he is saying now about this situation. >> and we're counting down until apple's big day. there is a live report coming up. >> and later, michael finney is looking at what you need to know to protect your data when getting ready to recycle smart phone autos taking a look at traffic it's slow going. you can see for drivers across the bay bridge... it's been this way since about 2:30 today. for folks heading south, quite a bit easier. the news at 4:00 continues right after this. >>> a couple of hoursing akre mark zuckerberg broke his silence, speaking for the first time since the rocky initial public offering. he touched on the drop and speaking to a packed crowd and facebook shares closed today at $19.43, down nearly 50% from the ipo price. he says that it's obviously been disappointing. >> we care about shareholders and the commitment is that we're going to make the world more open and connected and we're going to do things we think goring to build value. >> abc 7 is at the conference, he tweeted zuckerberg
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